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Explain the meaning of productivity

Assignment Help Operation Management
Reference no: EM131468375

Learning Outcomes to be assessed in this assessment

Identify and solve decision problems related to the various operations functions, like Project Management, Project Plan Gantt Chart, Break Even, and Inventory Management.

Differentiate the different techniques and use the appropriate technique in problem solving within operations management.

Answer all the questions using appropriate examples. All the questions carry equal marks

1. Explain the meaning of productivity, work out Single and Total Factor Productivity-TFP. Conclude if the organization sustains competitive operational advantage.

2. Explain the concept of ERP & MRP in the modern context and the importance of information technology for operation management.

3. Discuss the concept of Inventory Management, ABC classifications, advantages and disadvantages. (Selected organization will add value to the answer).

4. Draw and briefly explain project management life cycle.

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This report is going to set the light on the most challenging factors that Oman is facing in the sector of logistics and supply chain management. Along with that, there will be some suggestions putting emphasis on the newly proposed railway system for Oman and supply chain associations fostering more development in this field. The concerned educational institutions and the universities are also putting great emphasis on the logistics and supply chain management that they are making it a part of their course material. This paper seeks to highlight the difference of the opportunities enjoyed by the United Arab Emirates and Oman setting the example of significance of researching needs.

Reference no: EM131468375

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len1468375

4/20/2017 3:13:33 AM

Evaluation Criteria Marks allotted 100 Introduction 10 Question 1 Meaning of the productivity 20 Question 2 Explain the concept of ERP & MRP 20 Question 3 Concept of Inventory & ABC classifications 20 Question 4 Project Management Life Cycle 20 Conclusion 5 References 5

len1468375

4/20/2017 3:13:23 AM

• Answer within a word limit of 2000 words with 10 % more/less will be accepted. • Date of submission: 8th week of the semester, the day and time of scheduled class • Submission form: Soft copy to be submitted through Moodle at Turnitin. • Late submission shall be penalised as per the norms of MEC mentioned in the Module Information Guide. • Plagiarism policy is as per the MEC guidelines as mentioned in the Module Information Guide. • Kindly include references (Harvard style of referencing) at the end of the paper. Referencing and proper formatting carries 05 marks in total. (Minimum 8 journals – 8 references is required for this assignment)

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